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  • hector_cornholed_amders hector_cornholed_amders Jun 27, 2013 1:06 PM Flag

    U.S. oil output is poised to surpass Saudi Arabia’s in the next decade

    Bloomberg
    U.S. oil output is poised to surpass Saudi Arabia’s in the next decade, making the world’s biggest fuel consumer almost self-reliant and putting it on track to become a net exporter, the International Energy Agency said.
    “Around 2017, the U.S. will be the largest oil producer of the world, overtaking Saudi Arabia,” IEA Chief Economist Fatih Birol said at a press conference in London today. “This is of course a major development and definitely will have significant implications.”
    The Energy Department forecasts that U.S. production of crude and other liquid hydrocarbons, which includes biofuels, will average 11.4 million barrels per day next year. That would be a 40-year high for the U.S. and just below Saudi Arabia's output of 11.6 million barrels. Citibank forecasts U.S. production could reach 13 million to 15 million barrels per day by 2020, helping to make North America "the new Middle East
    The United States will still need to import lots of oil in the years ahead. Americans use 18.The United States will still need to import lots of oil in the years ahead. Americans use 18.7 million barrels per day. But thanks to the growth in domestic production and the improving fuel efficiency of the nation's cars and trucks, imports could fall by half by the end of the decade.
    7 million barrels per day. But thanks to the growth in domestic production and the improving fuel efficiency of the nation's cars and trucks, imports could fall by half by the end of the decade.
    But when America hits 15 million per day in production, the use will have fallen to 11 million thanks to conversion of trucks to Natural gas.
    This will make America a large exporter of oil by 2020.
    All this after we heard drill baby drill from the GOP in their losing election bid against Obummer.
    Comical now looking at them and their pathetic rage. He is not American or at least not born in America. He is a commi. He is a N E G R O. Oh my freaking god. Like we did not notice? HAAA HAAA

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    • But thanks to the growth in domestic production and the improving fuel efficiency of the nation's cars and trucks, imports could fall by half by the end of the decade.
      ------------------------------------------------------------------------------------------------------

      I hope so but doubt we can achieve that number

 
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